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The press today had reports that Essar Oil Limited is scouting for a foreign partner to put a joint bid for IBP.
The Exchange in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded had written to the officials of Essar Oil Limited
Essar Oil Limited has vide their letter dated February 8, 2001 stated "We would like to inform that the Government plans to disinvest 33.58% of its equity holding in IBP Ltd. In light of dismantling of APM by the government in the near future, the Company would be developing its own marketing network and infrastructure and towards this end is exploring various options. The Government’s disinvestment in IBP Ltd offers a good opportunity for the company to launch its marketing efforts from an established platform. It is in this context that the Company is examining the option of participating in the disinvestment program of IBP with or without a partner. This proposal is very much in the planning stage and the final view will be taken at the appropriate time"
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The Exchange has successfully completed its 325th settlement since inception i.e., Settlement Number N – 20001004 on February 7, 2001. The settlement statistics are as follows:
| Particulars |
Values |
| |
N – 2001004 |
| Total value of the settlement (Securities) (Rs. In Crores) |
2038 |
| Total value of the settlement (Funds) (Rs. In Crores) |
776 |
| No. of shares delivered in dematerialised mode (in Lacs) |
1079 |
| Value of shares delivered in dematerialised mode (Rs. In Crores) |
2018 |
| Value of shares delivered in compulsory demat scrips (Rs. In Crores) |
2016 |
| % of total demat delivery to total delivery (in terms of value) |
99.34% |
| Shortages for the settlement (Auctioned) |
0.45% |
Details of Three day market segment are as follows:
| Trading Period |
Traded Value |
Settlement Value |
| From |
To |
|
Securities |
Funds |
| January 22, 2001 |
January 24, 2001 |
Rs. 11.31 Crores |
Rs. 0.81 Crores |
Rs. 0.38 Crores |
Details of Depository (Rolling) segment are as follows:
| Trading Period |
Traded Value |
Settlement Value |
| From |
To |
|
Securities |
Funds |
| January 24, 2001 |
January 30, 2001 |
Rs. 302.10 Crores |
Rs. 71.77 Crores |
Rs. 59.71 Crores |
Details of Limited Physical Market are as follows:
| Trading Period |
Traded Value |
Settlement Value |
| From |
To |
|
Securities |
Funds |
| January 24, 2001 |
January 30, 2001 |
Rs. 0.40 Crores |
Rs. 0.43 Crores |
Rs. 0.40 Crores |
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